For personal use only. November Wholesale Investor - London (UK) Presentation

Transcription

1 November 2015 Wholesale Investor - London (UK) Presentation 1

2 Overview Capitalising on global mobile growth! Crowd Mobile is a global mobile company with a focus on the growing mobile economy.! We have exposure to the m-content, m-payments and m-commerce sectors! Operating in 50 countries and connected to over 150 mobile carriers globally! We are listed on the Australian Securities Exchange (ASX) under code CM8 and on Frankfurt/XETRA under code CM3! Our company is profitable and generates free cash flow! Completion of Track Concepts in Oct-15 - a global m-payments company which adds significant Revenue and EBITDA moving forward 2

3 Corporate snapshot Crowd Mobile is a profitable, globally focussed mobile company with strong in-house content capability ASX Code: CM8 & FWB-XETRA: CM3 Ordinary Shares on Issue 154m 7.5m various strike prices 7.5m Market Cap (@ 25.5cents - $AUD)* Cash at Bank ($AUD) as at 31/10/15 Debt (EUR12.5m) Enterprise Value $39.3m $3.0m $19.2m $58.5m *Closing price at 3 rd November

4 Diverse Range of Products Growing Portfolio of products in house content capability 4

5 Future mobile apps Collection of future potential apps developed for a broad demographic around themes like entertainment, sports, lifestyle & healthcare 5

6 Revenue model Blue-chip upstream providers & revenue splits Revenue Split Telco/ Carrier Revenue Split Apple Revenue Split Google Expert 15% Telco 50% Crowd Mobile 35% Apple 30% Expert 15% Crowd Mobile 55% Google 10% Expert 15% Crowd Mobile 75% 6

7 Global m-payment Reach Europe Central and Latin America Asia - Pacific Africa Country Reach For personal use onlycustomers in over 50 countries and growing Revenue Contribution 30 73% 11 14% 6 12% 4 1% * Country Reach signifies the number of countries the combined Crowd Mobile and Track Concepts businesses are in across each Continent (unaudited) 7

8 Message Volume Quarter on quarter growth Billed Messages Q1 FY15 to Q1 FY16 2,500,000 2,000, % 1,500,000 12% 1,000, ,000 - Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16 8

9 Organic growth strategy 1. Double the global m-payment distribution network by completing Europe & expanding reach through Africa, Asia & LATAM; 2. Integrate businesses and cross pollinate products and networks to realise incremental revenue and margin; and 3. Refine content delivery capability including focus on expanding 3 rd party partnerships. 9

10 Proforma FY15 Financials Combining both CM8/Track ($AUD) AUD - $000s CM8 Track Total Revenue Gross profit Expenses EBITDA* Notes:! *CM8 accounts underlying EBITDA included. Track accounts are unaudited! Rounded to the nearest 000 s! AUD/EUR exchange rate (average exchange rate for FY15; Source: OANDA.com)! Proforma FY15 Financials may not necessarily be reflected in future results 10

11 Peer analysis Trading on an attractive valuation CrowdMobile Mobile Embrace Freelancer Moko Mobile MigMe Ticker CM8+ MBE** FLN*** MKB** MIG*** Description M-Content, M- payments & M- commerce Integrated m-payments & marketing Online outsourcing marketplace Mobile apps and social advertising platform Mobile social entertainment FY15 Revenue ($M) FY15 EBITDA ($M) Share Price (cents) 25.5c 26.5c 183c 6.4c 109c Market Cap/EV ($M) 58.5m+ 105m 825m 52.2m 240m Revenue Multiple 1.4x 3.2x 24.6x 8.4x 40.0x EBITDA Multiple* 3.7x 20.6x N/A N/A N/A Note: All share prices as at closing 3 rd November 2015 taken from ASX and in $AUD +CM8 Based on Proforma FY15 Financials excluding shared based payments and corporate transaction costs & CM8 Market cap = Enterprise Value ** MKB & MBE FY15 Annual Results (excluding share based payments) *** FLN & MIG results 1H15 4D annualised (excluding share based payments) 11

12 Global Executive Team Experienced, Driven, Aspirational Domenic Carosa Executive Director & CEO Christian Shaw CFO Tobias Schlitzke COO Iain Clark CTO Gregor Cooney CMO Over 20 years of experience in technology and ASX listed companies including building destra into the largest independent media & entertainment company in Australia with revenues of over $100M (Location: Melbourne/Europe) Over 20 years of ASX, NASDAQ and technology company experience including Moko Social Media (ASX: MKB), Sunshine Heart (NASDAQ: SSH) & icash (ASX: ICP). (Location: Melbourne/ Europe) Manages the growth and operations of the company across multiple countries and time zones. Significant experience in start-up and growth focused roles including Swisscom (Location: Europe) Ensures that Crowd Mobile s core technology platforms globally are running and that new products are released on time. Previously with Goldman Sachs. (Location: Melbourne) Responsible for Crowd Mobiles global expansion strategy including establishing relationships with MTV and other key partners. (Location: Europe) 12

13 Board of Directors Global Experience and Expertise Theo Hnarakis (Non Executive Chairman) Brings a wealth of experience working in the media industry and scaling Australian ASX listed technology businesses. He graduated from The University of SA with a Bachelor of Accounting and has held senior roles with News Corporation, Boral Group, PMP and was the Managing Director and CEO of Melbourne IT until Mr Hnarakis is also a non-executive Director of Newzulu Limited (ASX: NWZ). Hans de Back (Non Executive Director) Has significant experience across multiple high-technology industries including mobile, gaming, and social media. He holds a Masters degree in corporate law from Amsterdam University and has extensive international experience having worked with companies Globally. Mr. de Back is currently the Managing Partner at Incubasia Ventures working with innovative and scalable technology companies. Sophie Karzis (Company Secretary) Member of the Law Institute of Victoria and the Institute of Chartered Secretaries. She is a practising lawyer with over ten years experience as a commercial lawyer, and company secretary and in house counsel for a number of private and public companies. 13

14 Significant growth forecast in mobile use Leading to greater m-commerce transactions Global Smartphone Subscriptions, (billion) Global DCB/PSMS Volumes**, (billion) * Source: Outlined in the ASX QXQ Prospectus dated 20 th November 2014 Industry Report by Frost & Sullivan ** DCB refers to Direct Carrier Billing and PSMS refers to Premium SMS 14

15 In summary A year of milestones for Crowd Mobile Listed on the ASX in January 2015 Listed on Frankfurt/XETRA on June 2015 Continued geographic expansion now operational in 50 countries Continuing to launch new service offerings Operating in a high growth sector strong global growth forecast for mobile transactions Very well positioned to capitalise on significant growth opportunities 15

16 Disclaimer and Non-IFRS Information Disclaimer The material in this presentation has been prepared by CrowdMobile Limited (ASX: CM8) ( CM8") and is general background information about CM8 s activities current as at the date of this presentation. The information is given in summary form and does not purport to be complete. In particular you are cautioned not to place undue reliance on any forward looking statements regarding our belief, intent or expectations with respect to CM8 s businesses, market conditions and/or results of operations, as although due care has been used in the preparation of such statements, actual results may vary in a material manner. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. Non-IFRS Financial Information CM8 s results are reported under International Financial Reporting Standards (IFRS). This presentation also includes certain non-ifrs measures including, proforma, underlying and look through. These measures are used internally by management to assess the performance of our business and our associates, make decisions on the allocation of resources and assess operational management. Non-IFRS measures have not been subject to audit or review. All numbers listed as reported comply with IFRS. 16

17 Participate in the Future of Mobile Contact: Domenic Carosa 17